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Millennials shouldn’t treat their careers like lottery tickets - The Globe and Mail
MARCH 20, 2018 | THE GLOBE AND MAIL | by BRAM BELZBERG.

If you're in your early 20s and just starting your career, you probably shouldn't take a job with a start-up.....joining a startup is attractive. They can be exciting, and the pay can be pretty good. A small percentage of people will pick the right opportunity, collect stock options, and become millionaires before they're 30. It's like winning the lottery.

But, like the real lottery, most people don't win, and they end up worse off than they were before....The majority of startups are going to go bust.....Large companies – such as banks and consulting firms and established tech outfits – understand how to bring along new graduates. They've been developing the best way to do so for decades. They have full-time employees who only think about developing young staff into future managers. Their programs work. They teach you important skills, they teach you how the professional world operates, and they teach you how to network. It takes a lot of time, energy, and focus to create these programs.....Generally, successful startups need three things: a great idea, a reliable funding network, and strong leadership. Most startups don't have a full management team, and the managers they do have probably won't have time to mentor you. You also won't be building a network of peers who can help finance your startup one day. If you have a great idea, it will still be there when you've learned how to develop it into a business. If you really want to get the experience of working at a startup, do it when you've developed your career and built a safety net in case it fails....Work hard, put in your time, and achieve your goals. But there aren't any shortcuts in building a career. When you're ready to move on from your first job, you should have a clear idea of what you want to do next, with a foundation of skills and experience in place. You don't want to be left holding only a losing lottery ticket.
millennials  Managing_Your_Career  Jason_Isaacs  career_paths  start_ups  large_companies  advice  new_graduates  high-risk 
march 2018 by jerryking
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